Thursday, December 12, 2013

China loves gold

China is the new Goldfinger / Goldmember:

Gold : Do as China does
In the current monetary fog, with the dollar more and more challenged and prone to collapse at any moment, carrying with it the monetary non-system, China seems to have decided that owning gold is a guarantee of safety. The annual gold import rate is effectively more than 1,000 tons, 80 without counting the 400 tons extracted from Chinese mines each year. It had reported having 1,054 tons in 2009. By comparison, the US claims to have 8,100 tons (an amount subject to question81), and Germany, in second place, has 3,400 tons. It is apparent that secrecy and vagueness surrounds these Chinese imports, the better to avoid an unnecessary rush on the failing dollar system, but the above considerations mean that China probably has more gold than Germany and is making a run for American levels. In short, the ingots are heading from west to east, as it was put in Bloomberg.


LEAP/E2020 - Recommendation GEAB N°79 (NOv 16, 2013)

If they create a gold-backed currency to replace the US dollar for international trade, our economy will collapse like a soufflé. That would be the easiest, non-violent way for them to destroy the US.

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